AgDay TV Markets Now: Jeff Hoogendoorn, Professional Ag Marketing, discusses why soybeans, corn and cattle all rallied on Tuesday.
AgDay TV Markets Now: Jeff Hoogendoorn Discusses Why Row Crops and Cattle All Ended Higher Tuesday
AgDay TV Markets Now: Jeff Hoogendoorn, Professional Ag Marketing, discusses how the CPI data helped soybeans, corn and cattle all rally on Tuesday.
November 14, 2023 05:44 PM
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Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
The grain markets were sharply lower Thursday morning with soybeans seeing 30-cent losses on disappointment the China summit has not produced any agricultural purchase agreements.
Sam Hudson with Cornbelt Marketing says corn and soybeans were firmer on inflationary buying and optimism regarding the China summit. Cattle soared with higher cash.
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